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Tech stocks are experiencing significant volatility this month, with chip stocks recovering after a recent selloff linked to ASML. The Nasdaq-100 approached an all-time high, while the iShares Semiconductor ETF rose by 2%, buoyed by Taiwan Semi's impressive third-quarter results and guidance, which exceeded expectations.
UBS analyst Randy Abrams has raised the price target for Taiwan Semiconductor Manufacturing Co. Ltd. (2330:TT) (NYSE: TSM) to NT$1,300.00. This adjustment reflects the company's strong market position and growth potential.
ASML's disappointing performance contrasts with TSMC's impressive 54% rise in third-quarter net income, which reached 325.3 billion Taiwanese dollars, surpassing analyst expectations. Despite TSMC's strong results, a significant rally in the SOX semiconductor index is not anticipated, as the earnings season is just beginning and capital expenditure trends from major US tech firms will be crucial in shaping future market directions. The SOX index is expected to continue its consolidation phase, potentially returning to its previous bullish channel in the coming weeks.
UBS has maintained a 'Neutral' rating for Apple, setting a target price of $236. Analyst David Vogt noted moderate demand for iPhones, with longer wait times for higher-priced models, while basic versions are readily available. Apple's sales are primarily driven by phone products, accounting for 52.1% of net sales.
Apple Inc. focuses on designing, manufacturing, and marketing computer hardware and music support, with net sales primarily from telephone products (52.1%), peripheral devices (10.5%), and computers (10.2%). Geographically, sales are led by the Americas (42.4%), followed by Europe/India/Middle East/Africa (24.7%) and China/Hong Kong/Taiwan (18.9%).
UBS has lowered its target for L'Oréal to 415 euros, maintaining a 'Neutral' rating. As the world's leading cosmetics group, L'Oréal's sales are primarily driven by skin care (39.9%), make-up (19.7%), and hair care products (15.4%), with significant contributions from luxury and active cosmetics. Geographically, net sales are distributed across Europe (31.6%), North America (27%), and North Asia (25.9%), among others.
The Mobile Telemedicine market is projected to grow from USD 9,088.38 million in 2023 to USD 14,500.16 million by 2032, achieving a CAGR of 16.85%. This growth is driven by increased adoption, government initiatives, and advancements in technology across various applications, including hospitals and home care. Key players in the market include Koninklijke Philips N.V., GE Healthcare, and IBM, among others.
Meta's CEO Mark Zuckerberg credits AI for enhancing user recommendations and advertising effectiveness, while Argus maintains a "buy" rating for META stock with a $600 target. Taiwan Semiconductor Manufacturing, the largest semiconductor foundry, is poised for growth amid the AI boom, with a $200 target from Argus. ASML, the sole producer of EUV lithography equipment, is also highlighted as a key player in AI chip production, with a target of $1,250.
Hedge fund favorites underperformed the S&P 500 in Q3, gaining 3.4% compared to the S&P's 5.25%. Among the 20 most held stocks, 12 were profitable, with UnitedHealth Group leading at 14.8%. However, major tech stocks like Amazon and Microsoft fell nearly 9%.
Daiken Medical is poised for international expansion, focusing on Europe and North America while enhancing its R&D investments in drug delivery systems and AI integration. With a strong domestic market presence and a commitment to quality, the company aims to become a global leader in niche medical devices, improving patient outcomes and healthcare accessibility.
TWN
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The information provided herein is generated by experimental artificial intelligence and is for informational purposes only.
tech stocks show volatility as chip sector rebounds from recent selloff
18:23 17.10.2024
ubs raises price target for taiwan semiconductor manufacturing to nt 1300
13:27 17.10.2024
semiconductor market outlook mixed as tsmc shines and asml disappoints
New Taiwan Dollar
Apple Inc.
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09:41 17.10.2024
ubs maintains neutral rating for apple with target price of 236 dollars
14:34 16.10.2024
apple inc reports diverse product sales and global market distribution
13:57 16.10.2024
ubs lowers l'oreal target price to 415 euros maintaining neutral rating
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23:17 15.10.2024
mobile telemedicine market projected to exceed 14500 million by 2032
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12:35 10.10.2024
AI Innovations Drive Growth for Leading Tech Companies and Semiconductor Firms
Amazon.com, Inc.
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Microsoft Corporation
NVIDIA Corporation
USA
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Mark Zuckerberg
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09:00 07.10.2024
hedge fund favorites underperform s and p 500 in third quarter
Berkshire Hathaway Inc.
Apple Inc.
UnitedHealth Group Incorporated
Meta Platforms, Inc.
Mastercard Incorporated
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18:01 02.10.2024
daiken medical's global expansion strategy and innovative technology advancements
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COOPDECH
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21:01 30.09.2024
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